15 Sep 2014
54° Partly Cloudy
Patch Instagram photo by studiotbills

Norwood Residential Tax Rates Vs. Its Neighbors

How much does it cost to live in Norwood?

Norwood Residential Tax Rates Vs. Its Neighbors

According to the Boston Business Journal, Norwood stacks up pretty poorly against some of its neighbors in terms of commercial industrial tax rates, at least in some areas, but is the least expensive town among Mansfield, Sharon, Wrentham, Norfolk, Norton, Franklin, Easton, Plainville, Brockton and Foxborough (as of fiscal year 2012) when it comes to residential rates.

Chilmark on Martha’s Vineyard has the lowest residential property tax rate in the state at 2.08 flat rate between commercial/industrial. Sharon has the highest residential tax rate (also with a flat split) in Massachusetts at 20.11 percent.

Everette had the highest commercial/industrial tax rate at 41.66 percent, and Chilmark also had the lowest rate in commercial/industrial at 2.08 percent.

 

Town

Residential Rate

Commercial/Industrial

Sharon

20.11

20.11

Norfolk

16.47

16.47

Brockton

16.4

29.96

Easton

14.95

14.95

Mansfield

14.92

19.37

Plainville

13.99

13.99

Wrentham

14.43

17.07

Foxborough

13.73

14.86

Franklin

13.73

13.73

Norton

13.54

13.53

Norwood

10.58

20.29

 

For a full list of Massachusetts Tax Rates, check out the Boston Business Journal's database by clicking here.

Share This Article